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Weekly Market Snapshot: Mideast Tensions and Chip Selloff Rattle Global Markets (July 13–17)

  Week of July 13–17, 2026 It was a rough week to be a tech investor and a good week to own oil. Escalating conflict between the US and Iran pushed crude sharply higher and rattled global markets, while a fresh wave of selling in semiconductor stocks dragged US and Asian indices lower. Closer to home, the Bank of Canada held its key rate steady, and the TSX—less exposed to chipmakers—held up noticeably better than its US and Asian peers. Here’s how the week broke down across every major market, and what it means for your wallet. 🇨🇦 Canada: TSX Day Close Change Mon, Jul 13 35,252.72 -0.15% Wed, Jul 15 (BoC day) 35,416.20 +0.27% Thu, Jul 16 35,340.15 -0.21% Fri, Jul 17 ~35,262 -0.22% Week total (Fri-to-Fri) — ~flat (about -0.1%) The TSX had a choppy but ultimately quiet week compared with its global peers. Monday's session opened with the Strait of Hormuz blockade headlines and closed lower. Wednesday brought a relief rally after the Bank of Canada's rate hold, with financials ...
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Hamas Reasserts Control in Gaza, Casting Doubt on Fragile Ceasefire

                                       A Hamas militant shakes hands with a child in Rafah in the southern Gaza Strip

Hamas fighters have visibly tightened their grip on Gaza in recent days, raising serious questions about the durability of the U.S.-brokered ceasefire with Israel. Reports from Gaza City describe public executions of men accused of collaborating with Israeli forces, a stark display of power that underscores the group’s determination to reassert dominance in the war-ravaged enclave.

Although Israeli troops have withdrawn from urban areas under the ceasefire agreement, Hamas has deployed its fighters along key routes, including those critical for humanitarian aid deliveries. Palestinian security sources say dozens have been killed in clashes between Hamas and rival groups, further destabilizing the already fragile truce.

The ceasefire, announced earlier this month, was intended to halt hostilities and pave the way for humanitarian relief. However, Israel insists that lasting peace cannot be achieved until Hamas is fully disarmed, a condition the group continues to defy. With tensions escalating on the ground, the future of the ceasefire remains uncertain, leaving civilians caught in the middle of a volatile and unpredictable situation.


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